Verge Price Climbs 17.8% as Dev Team Release Thick Update File

Verge (XVG) climbed 17.8% for the twenty-four period leading up to the morning of October 1st, coinciding with the release of the latest development update by the core dev team. The latest development update includes details on the imminent arrival of smart contracts, a desktop and iOS wallet, Ring Confidential Transactions, and the rebasing of the codebase to v.0.17 (Bitcoin).

In a somewhat rare sight for an altcoin as exposed and liquid as XVG, just under 89% of the day’s trades have come against BTC alone. Verge trade volumes increased more than fivefold overnight, rising from yesterday’s low of $3.3 million to this morning’s high of $17.3 million at time of writing – a 424% increase. The increased flurry of trades pushed the XVG price up 17.8% against the dollar, rising from $0.014591 up to Monday morning’s peak of $0.017202. XVG continues to show momentum heading into the afternoon as volumes continue to rise. Any fallback over the course of the night was met with a vigorous recovery, and the predominance of BTC buys is in stark contrast to the trend of late which has seen several altcoins pumped by action from the Eastern hemisphere.

About Verge (XVG): Verge is a cryptocurrency designed for people and for everyday use. It improves upon the original Bitcoin blockchain and aims to fulfill its initial purpose of providing individuals and businesses with a fast, efficient and decentralized way of making direct transactions while maintaining your privacy.

Verge (XVG) can be bought with fiat dollars, debit and credit cards on cryptocurrency exchanges such as Changelly.com and it can be bought with cryptocurrency on exchanges such as CoinEx, Binance, and HitBTC.